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Commercial Building SARFAESI Auction Symbolic Possession

1 acres Commercial Building for Auction in Malalur, Amble Industrial Area, Chikkamagaluru – Canara

Malalur, Amble Industrial Area, Chikkamagaluru, Karnataka · Auction ID #1452

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Commercial Building photo 1 Commercial Building photo 2 Commercial Building photo 3 Commercial Building photo 4 Commercial Building photo 5 Commercial Building photo 6
Reserve Price ₹88,21,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 28 Oct 2026, 10:00 AM In 31 days
EMD Last Date 27 Oct 2026, 04:00 PM In 30 days
Area1 acres

Property Details

Property type
Commercial Building (Commercial)
Possession
Symbolic Possession
Area
1 acres (≈ 43,560 sq ft)
Reserve price / sq ft
₹203
Locality
Malalur, Amble Industrial Area
Pincode
577101
Address
MALALUR, Amble Industrial Area, Karnataka, 577101 View on map

Description (as per sale notice)

All those parts and parcels of the immovable property including constructed or to be construction shed/building situated at Malalur Village, Amble Hobli, Chikkamagaluru Tq and Dist in the following survey number and extent. SL No Survey No Kind Extant A-G 1 193/1 Poultry Shed/Land 1-00 *Total area of the survey number is 2-14(A-G). In that conversion land is 1Acre. Boundaries East West North South Property of Bhadre Gowda Property of Dugge Gowda Property of Deve Gowda Property of Chikke Gowda

BAANKNET Property ID: CNRBPRATHEESH

Bank & Auction Details

Bank / Lender
Canara Bank
Branch
SPECIALIZED ARM BRANCH, DAVANAGERE
Auction type
SARFAESI Auction
Borrower
Sri. K H P*****
Auction start
28 Oct 2026, 10:00 AM
Auction end
28 Oct 2026, 12:30 PM
EMD submission deadline
27 Oct 2026, 04:00 PM
Inspection
26 Oct 2026, 10:00 AM – 26 Oct 2026, 04:00 PM
Authorised officer
KAMLESH L WASNIK
Officer contact
9960150664

Price Check

This listing's reserve price works out to ₹203 per sq ft. The average across commercial bank auctions in Chikkamagaluru on our site is ₹645 per sq ft, so this one is 69% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

  1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
  2. Inspect the property on 26 Oct 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID CNRBPRATHEESH)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 27 Oct 2026, 04:00 PM. It is refunded if you don't win.
  5. Bid online on 28 Oct 2026 starting above the reserve price.
  6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.

Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Canara Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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